Unintended consequences of government obstruction

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Reference no: EM131003345

a. Explain how the “incidence” (i.e. “Who pays the tax”) of a per-unit tax on transactions depends upon the slopes of the supply curve and the demand curve. You may utilize graphical analysis to explain your answer as well.

b. What function do private property rights serve in a market economy? Describe some unintended consequences of government obstruction of private property rights.

Reference no: EM131003345

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